Instructions Draft For Pit-1 - New Mexico Personal Income Tax Return - 2013 Page 9
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44Filing by a Professional Tax Pre-
The accuracy of the software program
structions for making payment to the
parer. Fed/State electronic filing
remains the responsibility of the soft-
proper taxing authority.
service is also available through tax
ware company, developer, distributor,
professionals who meet IRS and the
or user.
IMPORTANT: Fed/State program
Department’s qualifications for accep-
payment processing does not support
tance into the Fed/State program. Ask
Do Not Combine Payments. Do not
payments from savings accounts.
professional tax preparers whether
combine payments to the IRS and to
they have Fed/State approval. Profes-
the State of New Mexico. When pay-
Paying Separately to New Mexico.
sional preparers usually charge for
ing your taxes through the Fed/State
You may also pay tax separately to
their services
program, you may make individual
New Mexico through the Department’s
DRAFT 1.2
payments to both the IRS and to the
website, or by submitting a check with
State of New Mexico. Follow the in-
a PIT-PV payment voucher.
REQUIRED FORMS AND ATTACHMENTS
Regardless of which federal return
•
A charitable deduction claimed on
New Mexico medical care savings
you file, everyone who files a New
federal Form 1040, Schedule A for
account.
10-08-2013
a donation of land to private non-
Mexico personal income tax return
• You contribute to a New Mexico
must complete and file a PIT-1, New
profit or public conservation agen-
approved Section 529 college sav-
cies for conservation purposes
Mexico Personal Income Tax return.
ings plan.
Depending on your residency status
from which you were allowed the
• You have net capital gains for which
New Mexico Land Conservation
and your personal situation, other
you can claim a deduction of up to
Tax Credit.
forms and schedules may also be
$1,000 or 50% of your net capital
necessary.
gains, whichever is greater.
File PIT-ADJ if you received any of the
• You have military
armed forces
File a PIT-S, Supplemental Sched-
following income not taxable by New
wages or salary from active duty
Mexico, or if you qualify for any of the
ule for Dependent Exemptions in
service.
following deductions or exemptions:
Excess of Five, only if your qualify-
ing dependent exemptions exceed
• You or your spouse, or both, are
• You have interest and dividend
five. The first five dependents must
age 65 or over, and you have
income on New Mexico state and
be entered on PIT-1, line 8. Additional
unreimbursed or uncompensated
local bonds.
dependent exemptions must be en-
medical care expenses of $28,000
• You have a New Mexico net operat-
tered on Schedule PIT-S. Do not file
or more for yourself, your spouse,
ing loss carryover.
Schedule PIT-S unless the five de-
or dependents.
pendent lines are filled in on the PIT-1,
• You have interest income from U.S.
• You, your spouse, or dependents
line 8, and additional lines are needed
government obligations.
have expenses related to donat-
for qualifying dependent exemptions
• You have railroad retirement in-
ing human organs for transfer to
exceeding five.
come not taxable by New Mexico.
another person.
• You have Railroad Unemployment
• You received a reimbursement
Complete the 2013 Schedule PIT-
Insurance Act sick pay.
from the New Mexico Nation-
ADJ, Schedule of Additions and De-
al Guard servicemember’s life
• You or your spouse, or both, are
ductions/Exemptions, and attach it
insurance reimbursement fund.
members of an Indian nation, tribe,
to your PIT-1 return if you are required
or
or pueblo and your income was
or eligible to make New Mexico adjust-
wholly earned on the lands of the
ments to your income.
• You were required to include in your
reservation or pueblo of which the
federal adjusted gross income tax-
individual is an enrolled member
File PIT-ADJ if you have any of the
able refunds, credits, or offsets of
while domiciled on that reservation,
following additions to federal adjusted
state and local income tax (Form
tribe, or pueblo.
gross income:
1040, line 10).
• You or your spouse, or both, are
• Interest and dividends from federal
File PIT-CR, Non-Refundable Tax
age 100 or over and not depen-
tax-exempt bonds,
Credit Schedule, if you want to claim
dents of another taxpayer.
• A net operating loss,
any of the following non-refundable
• You or your spouse, or both, are
• Contributions refunded when clos-
credits:
age 65 or over or blind, and your
ing a New Mexico approved Section
• Preservation of cultural property
adjusted gross income is not over
529 college savings plan account,
credit or business facility rehabilita-
$51,000 for a joint return; $28,500
•
Certain contributions rolled out of a
tion credit for restoring, renovating,
for a single taxpayer; or $25,500 for
New Mexico approved Section 529
or rehabilitating a historic structure
married taxpayers filing separately.
college savings plan account,
or a qualified business facility;
• You have federally taxable contri-
or
• Rural job tax credit for employers
butions to or distributions from a
PIT-1
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